- Indian equity benchmarks ended at record highs for the third straight session on expectations that the European Central Bank would announce monetary stimulus measures. - Emami gained over 3% after announcing the acquisition of a controlling stake in an Australian personal products company. - DB Realty locked in a 10% increase after its subsidiary received approval to increase floor space for a real estate development project in Maharashtra.

1. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY EQUITY REPORT
23rd
january 2015

2. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
INDIAN MARKET
INDIAN FACE
 INDIAN EQUITY BENCHMARK indices ended at record closing
highs for the third straight session on expectations that the
European Central Bank at its meeting later today would
announce monetary stimulus measures
 Further, Emami gained 3.44% on BSE, after the personal
products maker has announced the acquisition of controlling
stake of 66.67% in Fravin Pty Ltd. Australia.
 DB Realty locked in 10% upper circuit, after the company said
that a project being developed by its subsidiary has received
approval for additional floor space index from Maharashtra
government.
GLOBAL FACE
 Asian shares held near eight-week highs as investors bet on
the likely size and scope of a bond-buying programme the
European Central Bank is poised to unveil later in the day as it
attempts to revive the flagging euro zone economy.
 European shares rose for a six straight day early as investors
bet on the size and shape of a sovereign bond-buying
programme the European Central Bank will set out later in the
day.
 US stock index futures poised for a higher opening at the Wall
Street on Thursday.
INDICES CLOSE PREVIOUS
SENSEX 29006.02 28,888.86
NIFTY 8761.40 8,729.50
ASIAN MARKET
INDICES CLOSE PREVIOUS
NIKKEI 17,329.02 17,280.48
HANG SENG 24,522.63 24,352.58
KOSPI 1,920.82 1,921.23
SECTORIAL INDICES
INDICES CLOSE CHANGE (%)
CNX 100 8,734.60 0.34
S&P CNX 500 7121.85 0.31
CNX MIDCAP 12,988.95 0.21
CNX 200 4,510.70 0.31
BANK NIFTY 19,917.65 0.37
TOP GAINERS
SCRIPT CLOSE CHANGE (%)
SUNPHARMA 918.00 3.62
AXISBANK 567.00 3.61
DLF 148.70 3.48
TATAMOTORS 566.10 2.65
TOP LOSERS
SCRIPT CLOSE CHANGE (%)
RELIANCE 884.20 -2.49
NTPC 140.40 -2.16
PNB 212.75 -1.50
HCLTECH 1,662.00 -1.50

3. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
MARKET MOVERS UPSIDE NIFTY SPOT
TREND STRATEGY
BULLISH BUY ON DIPS
PIVOT POINTS
S3 S2 S1 P R1 R2 R3
8659 8707 8734 8754 8781 8801 8848
NIFTY
SUPPORT RESISTANCE
S1-8705 R1-8795
S2-8650 R2-8850
BANK NIFTY FUTURE
TREND STRATEGY
BULLISH BUY ON DIPS
PIVOT POINTS
S3 S2 S1 P R1 R2 R3
19581 19759 19866 19937 20044 20114 20292
BANK NIFTY
SUPPORT RESISTANCE
S1-19800 R1-20020
S2-19650 R2-20115
SCRIPT CLOSE
CHANGE
(%)
ONGC 352.90 1.98
INFOSYS 2196.45 1.22
COALINDIA 396.40 1.16
HDFC BNK 1021.25 0.13
MARKET MOVERS DOWNSIDE
SCRIPT CLOSE
CHANGE
(%)
TCS 2513.55 [0.01]
RELIANCE 883.75 [2.54]
ITC 350.65 [0.58]
SBIN 324.65 [0.48]
FII & DII ACTIVITY
INSTITUTION
NET BUY
(CR.)
NET SELL
(CR)
FII 5408.39 4815.6
DII 1781.45 2359.98
NSE TOTALS
INDICES ADVANCES DECLINES
NIFTY 31 18
BANK NIFTY 5 7

4. CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
Daily Equity Report
r
MARKET TALKS
Ended December 31, 2014 (YoY):Net profit slips by 20.49% to
Rs154.44 crore Vs Rs194.25 crore (YoY).
 Govt hardens position in $1 billion
dispute against RIL
Government hardened it's position in $1 billion dispute against
RIL; negative read through. As per media reports, the
government has hardened its position in a $1 billion dispute over
the Panna Mukta and Tapti oil and gas fields, alleging the
contractors ( Reliance Industries and BG) presented arbitrators
with financial statements different from audited accounts, and
indulged in heavy exaggeration of tax payments .
RIL prices $ 1 bn 4.125% Senior
Unsecured Notes due 2025
Reliance Industries announced that it has priced a Rule 144A/
Regulation S offering of $ 1 billion 4.125% Senior Unsecured
Notes due 2025. The notes have been priced at 240 basis points
over the 10-year US Treasury Note, at a price of 98.998 to yield
4.249%. The notes will be denominated in US dollars and will
bear fixed interest of 4.125% p.a., with interest payable semi-
annually in arrears and shall rank pari passu with all other
unsecured and unsubordinated obligations of the company.
 Road projects worth Rs50,000 crore
to begin in UP by December end
Road projects worth Rs50,000 crore to begin in UP by December end
Positive for road developers (IRB Infrastructure, IL&FS
Transportation, Ashoka Buildcon, Sadbhav Engineering, Gayatri
Projects) Mr. Nitin Gadkari has said in the press conference that road
projects worth Rs50,000 crore would be started in Uttar Pradesh by
December end.
 Indian power sector set for
investment of $250 billion says
Minister
Power and Coal Minister, Mr Goyal, reiterated that Indian power
sector is set for an estimated investment of $250 billion (Rs15 trillion),
that includes $100 billion for renewable, $50 billion in T&D, $60-70
billion for power generation. Further, $5-6 billion is set for energy
efficiency projects and $20-25 billion investments .
 Muthoot Finance Q3 net profit slips
20% (YoY)
Muthoot Finance has announced the following results for the quarter
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